principal residence tax tips by manning_elliott

PRINCIPAL RESIDENCE TAX TIPS Varing Magazine article PRINCIPAL RESIDENCE TAX TIPS One of the largest tax breaks Canadians have is the ability to claim the principal residence exemption (“PRE”) on the sale of their homes. The principal residence exemption provides a homeowner with an exemption from tax on the capital gain realized when they sell…

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Why sell during covid-19? While some feel uncertain about selling in a market like this, some property owners are able to make the most of Covid-19. Since the beginning of COVID-19, the number of properties available on the market has decreased significantly and a handful of property owners have been able to use the opportunity…

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Navigating real estate in 2020 Varing Magazine article navigating real estate 2020 Times are changing for real estate in 2020. Landowners, investors, and agents should keep an eye out for some upcoming trends and changes to deal structures. Varing Magazine | Varing Marketing Group May 2020 The last few years in real estate have been a…

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THE BENEFITS OF USING A LAND SPECIALIST. Have you ever considered selling your land without an agent? We’ve compiled a list of benefits that might make you reconsider. With real estate becoming more complicated, working with a land specialist could be your best option. #1:  Market Knowledge A good Realtor who is specialized in land is…

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DIRT TO DEVELOPMENT The development process requires careful planning and attention to detail. A variety of detailed steps and review procedures are in place to ensure safe and responsible construction, while also taking into account the city’s future vision to create a cohesive community. The process varies slightly from city to city, but in general,…

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HOW TO QUALIFY A TOP REALTOR Qualifying your realtor has never been more important. The spike in market activity has caused a surge in the number of working realtors, many of whom are inexperienced and trying to capitalize by venturing into different avenues. So, how do you determine what realtor to work with and who…

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